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Government Sachs the PPT with Taxpayer Money?

11

Rallies on Wall Street, of course, are good things -- unless it turns out that some people know the government is rigging the stock market and you don't.

That brings me to something called The President's Working Group on Financial Markets, which is commonly referred to as the Plunge Protection Team.

As I wrote in last Thursday's column, the Team has disappeared.

Try finding The President's Working Group at the US Treasury and you won't.

The guys and girls that Treasury Secretary Hank Paulson relied on so heavily last year when he was forcing Bank of America to buy Merrill Lynch and when he was waterboarding other firms into coming to Wall Street's rescue has gone underground.

Editor's Note: It's too bad the rest of main stream media is so scared and/or bought by Goldman Sachs. But not The New York Post. They tell it like they see it. Now if we could only get some serious attention from the regulators.

QUESTIONS ABOUT GOLDMAN SACHS' ROLE IN MARKETby John Crudele in The New York Post

SOMETHING smells fishy in the market. And the aroma seems to be coming fromGoldman Sachs.

. . .

But can you trust what the stock market is now doing any more than the rally last summer that ended badly or the one last December that ended horribly? The optimists on Wall Street will tell you that stock prices always rally ahead of an improving economy.

. . .

According to an outfit in Sausalito, Calif. called TrimTabs, the flow of money from regular investors (that's you and me) into the stock market has been rather moderate considering the 7-week market run.

. . .

So, who's moving the market? Professional traders, with Goldman Sachsleading the way . . .

Editor's Note: We are working on a project to identify where Goldman Sachs' executive have gone after leaving the nest. We want to track where they have landed and what influence they have had on financial and political issues. When our research is complete, we will publish a FREE Internet version of our research.